MFIN dividend – PT Mandala Multifinance Tbk Declares 100.0 Cash Dividend

Dividends Yield

On May 26th 2023, PT ($IDX:MFIN) Mandala Multifinance Tbk (PTMMT) announced its 100.0 Cash Dividend. This is the highest dividend that PTMMT has ever declared, surpassing the average of 73.0 IDR in the last three years. The yields for 2021 and 2022 were 5.62%, while it was only 1.59% in 2023. This brings the average dividend yield over the 3 years to 4.28%.

Such a high dividend rate with an average yield of 4.28%, is sure to attract investors, and provide them with returns on their investment. PTMMT has had a history of providing steady and increasing dividends over the last 3 years, making it a viable choice for investments. Its high dividend rate is sure to attract more people to invest in their stocks for steady returns.

Share Price

This news boosted the stock’s performance, and MMF opened at IDR0.0 and closed at IDR1815.0, down by a slight 0.5% from the previous closing price of 1825.0. The 100.0 cash dividend is expected to benefit shareholders, as it will provide them with additional returns on their investments. The move also reflects MMF’s commitment to providing investors with attractive returns on their investments. The cash dividend will be paid out in the near future, and MMF has given no indication of when or how much will be distributed. The announcement of the dividend is likely to drive more investors towards MMF as they seek to reap the benefits of the increased returns.

This could see MMF’s stock prices rise further in the coming days as investors jump on board. Overall, the news of MMF’s 100.0 cash dividend is welcomed by shareholders and has already had a positive impact on the stock’s performance. With this move, MMF has shown its commitment to creating value for shareholders, and it will be interesting to see how the market responds in the coming days. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MFIN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MFIN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MFIN. More…

Key Ratios Snapshot

Some of the financial key ratios for MFIN are shown below. More…

Analysis – MFIN Stock Intrinsic Value

At GoodWhale, we recently conducted an analysis of PT MANDALA MULTIFINANCE TBK’s wellbeing. We used our proprietary Valuation Line to calculate the fair value of PT MANDALA MULTIFINANCE TBK’s shares, coming to around IDR1549.2. Currently, PT MANDALA MULTIFINANCE TBK’s stock is trading at IDR1815.0, a price which is overvalued by 17.2%. More…

Peers

Founded in 1991, the company has grown to become one of the most significant players in the country’s financial sector. It offers a wide range of services, including consumer and business financing, leasing, debt collection, and more. PT Mandala Multifinance Tbk also faces competition from other major Indonesian players in the financial services market, such as PT Wahana Ottomitra Multiartha Tbk, PT Trust Finance Indonesia Tbk, and PT Radana Bhaskara Finance Tbk. All of these companies are committed to providing innovative solutions and services to meet the needs of Indonesian businesses and individuals.

– PT Wahana Ottomitra Multiartha Tbk ($IDX:WOMF)

Wahana Ottomitra Multiartha Tbk is an Indonesian financial services company providing a range of financial products and services. The company’s market capitalization as of 2023 was 1.13T, indicating it to be among the larger companies in the market. The company also has a Return on Equity of 13.33%, which is higher than the industry average and indicates that the company is generating profits at an efficient rate. The company’s services include consumer banking, corporate banking, treasury services, investment banking, asset management, insurance, and consumer finance. Wahana Ottomitra Multiartha Tbk is well-positioned to capitalize on the growth opportunities in Indonesia’s financial services sector.

– PT Trust Finance Indonesia Tbk ($IDX:TRUS)

PT Trust Finance Indonesia Tbk is a leading financial services provider in Indonesia. It has a tremendous market capitalization of 318.4 billion as of 2023, making it one of the largest publicly traded companies in the country. The company’s Return on Equity (ROE) of 19.43% indicates its financial strength and efficiency in capital management. PT Trust Finance Indonesia Tbk offers a wide range of financial services to its customers, including banking, investment, asset management, insurance and leasing services. It is well-positioned to capitalize on the growing demand for financial services in Indonesia which is witnessing strong economic growth.

– PT Radana Bhaskara Finance Tbk ($IDX:HDFA)

PT Radana Bhaskara Finance Tbk is an Indonesian-based financial services provider offering a range of products and services, including consumer banking, corporate banking, microfinance, and other financial services. The company has a market cap of 981.37B as of 2023 and a Return on Equity of 5.24%, demonstrating its profitability and strong financial performance. The large market cap shows that PT Radana Bhaskara Finance Tbk is a well-established company in the financial services industry, and its impressive ROE reflects the company’s effectiveness in deploying capital. Through its comprehensive array of services, the company is able to meet the needs of both individual and corporate customers across Indonesia.

Summary

Investing in PT MANDALA MULTIFINANCE TBK has been attractive in the past with an average annual dividend per share of 73.0 IDR over the last three years and a yield of 5.62%. This yield is expected to remain consistent in 2021 and 2022, however, it is expected to drop in 2023 to a yield of 1.59%. The average dividend yield over the 3 years is 4.28%. Overall, PT MANDALA MULTIFINANCE TBK looks attractive for investors looking for good returns and stability in dividends.